What will you be doing?
Our clients range from small schemes with only a handful of members, to large schemes of over £1bn. You’ll be working on a variety of schemes, each with their own priorities. Your day-to-day role will involve:
1. Conducting actuarial valuations for clients for a variety of purposes including funding, solvency, Section and buy-in feasibility studies
2. Attending client meetings and presenting more routine pieces of analysis
3. Delegating tasks to analysts and ensuing work is ready for review
4. Calculating and checking individual member calculations such as transfer values
5. Liaising with administrator teams, both external and at LCP
6. Producing member option factors, such as early and late retirement factors or commutation factors for administrators
7. Calculating disclosures for accounting purposes under IAS19 and/or US GAAP
8. Carrying out and checking calculations for data and benefit rectification projects, including GMP equalisation
There are also opportunities to join our specialist teams, for example covering Pension Risk Transfer, longevity, GMP equalisation and Collective Defined Contribution schemes. Everyone at all levels is encouraged to attend client meetings to help develop their consulting skills. You will also have the opportunity to attend industry networking events, with LCP playing a key role organising events targeted at associate consultant level.
What skills and experience are we looking for?
9. A part-qualified FIA
10. Experience working in the UK pensions actuarial consulting environment
11. Awareness of current issues and key hot topics in the UK pensions industry
12. Ability to draft clear communications and presentations
13. Ability to delegate tasks to analysts in the team, explaining the wider context
What qualities and behaviours should you bring?
14. Good grounding in actuarial techniques, attention to detail and technical knowledge
15. Good communication skills – able to explain the approach taken and results to the wider team
16. Ability to prioritise workloads with conflicting importance and flexibility to adapt to different client needs
17. Team player with the ability to build strong relationships both within and outside LCP
18. Approachable and happy to assist team members, fostering a supportive working environment
What’s in it for you?
Take a look at our and Career stories pages to see why our people love being here! As well as joining a multi-award winning, fun, collaborative, people first organisation where your personal and professional skills will be developed to make you the best you can be, we offer an attractive benefits package designed to promote your overall wellbeing so that you are able to perform to your full potential both in and out of work. Currently our core benefits package includes:
For you:
19. Hybrid working (see top of the advert for details)
20. Professional study support (where applicable)
21. Access to our internal Wellbeing, LGBTQ+, Multicultural and Women’s networks
For your family:
22. Life assurance
23. Income protection
24. Enhanced maternity/paternity/adoption and shared parental leave
For your health:
25. 26 days annual leave (pro-rata for part-time working) plus bank holidays (most of which can be taken flexibly!) with options to buy & sell holiday
26. Private medical insurance
27. Discounted gym memberships, critical illness and dental insurance through our flexible benefits
28. Eye care vouchers
29. Cycle to work scheme
30. Digital GP services
For your wealth:
31. Competitive pension scheme
32. Discretionary bonus scheme
33. High street discounts
34. Season ticket loans
For others:
35. Volunteering opportunities
For the environment:
36. Electric vehicle salary sacrifice scheme (qualifying period applies)